This is probably the older version:

/g/109711/335e52ad67/

Base +6, vampire king +1

This isn't futanari people....know the difference
http://ehwiki.org/wiki/Gallery_Tagging#Know_The_Difference

@Koboldmage
There are BALLS but no vagina!
/s/8b071b7df1/469452-16

EDIT - alright people if you insist its futa and theres a vagina in there somewhere then its not shemale.

Hot stuff either way.

Base +8, Crazydemon30 -6, EWQ -6, Tovler -8, poep -8, starboar +9, Eviolite -7, Denjiro -10, oneiwonder +7, Corvusary -6, Hupplez -10, NeBuR1997 +6, antizero1 -6, and 2 more...

This IS futanari...the page you linked contradicts itself. See the definitions of futanari and shemale given on that page. This manga meets the criteria for the former and fails to meet the criteria for the latter.

EDIT - Specifically:
http://ehwiki.org/wiki/Gallery_Tagging#F
futanari
Girls with penises and tits. Usually have a vagina instead of a ballsack.

http://ehwiki.org/wiki/Gallery_Tagging#S
shemale
Transsexuals. People who want to be the opposite sex or has undergone a sex change.

Base +9, jariboy +1, jaylou1010 +7, The M -7, Killer_Kittens_Klub +7, banginstall.exe +5, Whatdo +6, Amakawa_Yuuto +15, starboar -9, Mrbagelbottom +6, Denjiro +10, oneiwonder -7, Odetamo +6, and 1 more...

Almost definitely looks like shemale.

Absolutely definitely looks delicious.

Base +11, poep -8, Unholy_Razor -8, elle_nor69 -8, rawros -7, starboar +9, Fenrirdies -8, walro +8, futaskank +3, oneiwonder +7, NeBuR1997 +6

Not to be mean or anything, but usually when you see girls with dicks in hentai its 90% Futa. Theres always a Vagina attached with the cock even if the girl has balls.

Base +6, Aaron.Y +19, Jhyan +8, jaylou1010 +7, The M +7, Killer_Kittens_Klub +7, Tovler +8, Whatdo +6, starboar +9, subbesnubben +6, oneiwonder -7

Nice....this is partly futa by the way. Look at page 11, there is a vagina underneath them balls. Is it strictly futa? I don't know, there's no under shot of the chick in shorts. Maybe it's both, but for certain it has futa.

Base +5, aztlan23 +8, Whatdo -6, Hupplez +10

Love Futa Comics

Base +4, vampire king +1, futaskank +3

Nonetheless! We need more from this artist. This was hot as hell! D:<

Base +4, The Hollow Reaper +4, jaylou1010 +7, futaskank +3, Tamaki-Kousaka +11, Mrbagelbottom +6

I don't know if both are shemales, but I wish they were, the cosmetic pussy is only added so you guys won't insecure for fapping to penis.
Anyways, more of this author would be apreciated

Base +4, Killer_Kittens_Klub -7, Brego1 +4, HXW -7, nest_jcak -11, banginstall.exe -5, starboar -9, futaskank +3, GalaxyClip +6, oneiwonder +7

This IS most likely shemale. the artist never shows a vagina. the protagonist plays with his ASS and there's some huge BALLS too. the people who insist it being futanari just don't want to admit their, let's say "bi-curiosity".

Base +6, starboar +9, Fenrirdies -8, futaskank +3, PhantomEnigma +4, oneiwonder +7, Odetamo -6

wrong tags .

Base +4

You guys are dumb, who cares if there a pussy or not. Futa or not. Those women got some sexy curve and tits, so we guy don't give a flying fuck. That a fucking women and We're sticking it in.

Base +10, starboar -9, futaskank +3, MasterKingJC +7, sgc_geh -8, PhantomEnigma -4, Denjiro -10

Sorry people saying this is futanari, but it's a shemale. There's no vagina so shemale. Maybe if she had a vagina, then yes she would be a futa. Like SoaD666 says, people who insist that it's futa probably don't want to admit that they're bi or pan.

Also FireFaLL, I only really like futa, TRUE futa, when they're having sex with another women or futa, much hotter than guy on girl.

Finally Kobaldmage, you need to recheck the wiki there because according to the wiki:

Futanari: Penis with a VAGINA STILL PRESENT

Shemale: Penis and testicles present, NO VAGINA

(all-capped words are all-capped for emphasis.)

Unless we can have a better view of under her balls than in pic 11, I'm going to go and say that the censor line is just the 'lining' (for lack of better word as I don't know what it's called) that we guys have between our balls and our ass where the vagina would be if we were women instead.

C h a n, telling people to "shut up" isn't going to curry you any favor, so I suggest a less insulting way for future reference.

Last edited on 23 September 2015, 03:40.

Base +6, Denjiro -10, oneiwonder +7, blue penguin +36, caveman84 -6, Gheist -7

Look at #11 everybody, there's a vagina, shut up already

Nobody ever censors the taint area, it's a vagina.

Another view of the same character (from an earlier version of the same story), even clearer this time:
/s/c1f7123044/109711-16

And since when did you think that calling people who disagreed with you gay was going to "curry favor?" Super hypocrites here we come

Last edited on 23 September 2015, 10:08.

Base +10, caveman84 +6, Gheist +7

I'm not sure why you have to have a difference between futanari and shemale. Most japanese consider them one and the same. As bombom and kikimaru024 say: its all good.

Base +6, Gheist +7, cacatel +6, TheRokyando -7